Keep Your Eyes on Stock News: F&G Annuities and Life (NYSE:FG)

F&G Annuities and Life (NYSE:FG) stock identified change of 58.78% away from 52-week low price and recently located move of -7.22% off 52-week high price. It has market worth of $2.24B and dividend yield of 0.40%. FG stock has been recorded 6.86% away from 50 day moving average and 18.17% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.01% off 20-day moving average.

On Jan. 6, 2020, F&G Annuities and Life (NYSE:FG) a leading provider of annuities and life insurance, recently declared a plan to relocate the F&G headquarters to the 801 Grand office building in downtown Des Moines.

In the last two years, F&G has hired 58 people in 2018 and 94 in 2019. Of the 2019 hires, 45 were newly created positions. The company expects to maintain this growth as sales continue to grow above industry averages. This expansion rate caused F&G to outgrow their current space in Two Ruan Center.

F&G CEO Chris Blunt says, As we continue to grow and diversify our business, we’re committed to preserving F&G’s collaborative culture and ‘top workplace’ status. Attracting top talent is our highest priority, and we’re looking for good people who want to do good work. We plan to invest heavily in optimizing our new workspace to provide flexibility for a variety of workstyles.

The company intends to completely renovate several floors (approximately 83,000 square feet) and provide new furniture and technology components that support a variety of work and meeting settings. In preparation for this renovation and move, F&G has partnered with SHYFT Collective and Pigott to create a functional, scalable workspace.

Construction on the floors is said to begin in May 2020 with an anticipated move-in date in the fourth quarter of 2020.

The Financial sector company, FGL Holdings noticed change of -3.47% to $10.02 along volume of 1336172 shares in recent session compared to an average volume of 1.66M. The stock observed return of -4.75% in 5 days trading activity. The stock was at 12.08% over one month performance. FG’s shares are at 19.14% for the quarter and driving a 41.33% return over the course of the past year and is now at -5.92% since this point in 2018.

The average volatility for the week at 2.51% and for month was at 2.32%. There are 223.80M shares outstanding and 218.07M shares are floated in market. Right now the stock beta is 0.97.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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